FleetCor Technologies, Inc. (FLT)

FleetCor Technologies (FLT+1.6%) is initiated with a Buy rating and $178 price target at Deutsche Bank, which says FLT is well positioned to deliver double-digit organic growth from expanding internationally as well as accelerated growth in the U.S. driven by investments in sales and marketing and selective price increases.

FLT grew adjusted EBITDA margins on average by 200 bps annually over the last four years, and DB expects it to deliver sustained margin expansion going forward which along with deleveraging should deliver EPS growth at a 20%-plus average compound rate.

Although ~17% of FLT’s revenues after the Comdata acquisition remain exposed to lower fuel prices, the firm believes agreements with certain merchants as well as revenues based on fuel spreads act as a natural hedge.

FleetCor Technologies (FLT+12.5%) jumps after its Q4 easily topped estimates yesterday. The company reported an EPS of $0.82, beating Street estimates of $0.75, on revenue of $185M. Net earnings jumped 59% Y/Y as the commercial-fuel-cards company reported double-digit revenue gains globally, as well as stronger margins. The company also offered upbeat guidance for the full year, now expecting to earn between $3.61 and $3.69 a share, topping the $3.40 per share estimate by analysts, on revenue between $790M to $810M, versus the Street's expectation of $776M. Read more on earnings here: Earnings Call Transcript.

FleetCor Technologies (FLT+9%), a provider of fuel cards and workforce payment products, pops after beating Q2 estimates and raising its view for the year. Total revenue jumped 28% Y/Y, as its top line benefited from a recent push into Brazil and Russia.

FleetCor Technologies (FLT+4.6%) shares jump after announcing the renewal of its commercial fleet card contract with The Pantry, operator of a southeastern U.S. convenience store chain with ~1,620 stores. FLT has been managing The Pantry's fleet card portfolio for more than 10 years.

FleetCor (FLT) racks up a 5.7% gain after the firm shows a better-than-expected Q3 profit on revenue of $134M (+21% Y/Y). The specialty payment provider also upped its estimate for full-year EPS to a range of $2.08-$2.12, from prior guidance of $2.00-$2.05.